canada unemployment rate

Canada’s monthly jobs report showed that the economy added a healthy gain of 31,800 jobs in the month of June. But this wasn’t enough to keep the unemployment rate steady. Canada’s unemployment rate jumped two percentage points to 6.0%. In May, the unemployment rate held steady at 5.8%. This was the first time that Canada’s unemployment rate ...

2018-07-09 John Benjamin Read more

The month of June stood out with two major central banks taking monetary policy decisions. The U.S. Federal Reserve hiked interest rates by 25 basis points while the European Central Bank announced a modest taper to 15 billion euro starting from September and eventually ending its QE program by December 2018. The U.S. dollar continued to main...

2018-07-03 John Benjamin Read more
BOC_Poloz

The Bank of Canada will be meeting tomorrow for its monthly monetary policy review. According to the economists polled, the central bank is expected to hold back from hiking interest rates any further. Thus, the BoC's overnight cash rate is expected to remain steady at 1.0%. The BoC had previously surprised the markets with a back to back rate ...

2018-01-25 John Benjamin Read more
Donald Trump_Canada_USDCAD_2504

Trump Delays Funding For Mexican Border Wall It was a mixed morning for risk sentiment as news stories broke relating to the Trump administration. Firstly, supporting investor news sentiment, White House officials commented during an address on Monday night that the President would be willing to wait until later this year before sourcing fundi...

2017-07-26 James Harte Read more
BoC_Canadian Dollar_0203

The Bank of Canada, at its monetary policy meeting yesterday decided to hold the interest rates steady at 0.50%, as widely expected. Stephen Poloz, the BoC's governor, said that there were significant uncertainties that weighed out the outlook for Canada's economy, opting to keep interest rates steady. The BoC's meeting comes hot on the heels o...

2017-03-02 John Benjamin Read more
Poloz_BoC_1701

Stephen S. Poloz, Governor of the Bank of Canada.  Image via Bank of Canada.  CAD Best Performer Against US Dollar Since the election of Donald Trump, the Canadian Dollar is the only of the major currencies to be up against the US Dollar. Firmer Oil prices were responsible for driving CAD eleven cents higher against the Dollar, though eight ...

2017-01-17 James Harte Read more
Canada_budget_BOC

The Bank of Canada will be meeting on Wednesday, 13th July for its monetary policy meeting. Expectation heading into the BoC's event is for no change to interest rates, which anyways stands at historic lows of 0.50%. While this might seem a tad bullish for the Canadian dollar, the Bank of Canada could come out dovish, especially in light of the ...

2016-07-12 John Benjamin Read more

The Bank of Canada's monetary policy is due for release today at 1400 GMT. The market consensus expects to see the BoC keeping interest rates unchanged at its meeting today. Economic data from Canada over the past month has shown signs of rebounding although far from being impressive. On the jobs front, the Canadian economy has been steadily add...

2015-09-09 John Benjamin Read more